BTC price support may be at risk of a breakdown, but Bitcoin market perspectives see "bullish market structure" prevailing.
Samson Mow, a vocal Bitcoin proponent and CEO at JAN3, a company focused on BTC adoption in nation-states, has published a tweet about BTC and its prospects. In it, Mow sends a clear message that he remains bullish on the world's pioneer cryptocurrency.
The Bitcoin price is continually being buffeted, as tensions in the Middle East rise once again. With the Israeli response still to come, after Tuesday's Iranian missile barrage into Israel's territory, there could be more rough seas to come for Bitcoin.
Expectedly, XRP is today's biggest loser.
Metaplanet, the firm that has earned the title "Japan's MicroStrategy," has secured an additional 23.9 Bitcoin (BTC) as part of its Treasury Allocation push. The firm shared the update on the X platform, revealing that it earned this much BTC by selling put options.
Despite geopolitical tensions and regulatory challenges, Bitcoin maintains stability above $61,000 while altcoins face varying pressures in a cautious crypto market.
Japanese investment firm Metaplanet acquired 23.97 Bitcoin from an options transaction with QCP Capital, a Singapore-based digital asset trading firm, bringing Metaplanet's total Bitcoin revenue at 530.72 BTC. In the company's Oct.
Cathie Wood's most recent price target for Bitcoin is even higher than the target issued by her own firm.
Momentum is building in Washington for the establishment of a U.S. strategic Bitcoin reserve, as lawmakers from both parties see potential benefits in securing the nation's foothold in the digital asset economy.
The global crypto market is facing heavy selling pressure, driven by rising geopolitical tensions and large ETF outflows, just as many were expecting a bullish October. Bitcoin, in particular, has dropped over $5,000 from its recent high of $66,000.
The famous trader Peter Brandt has just issued a warning that sends chills through the crypto world. According to him, Bitcoin could soon plunge into a prolonged bearish trend, based on a mysterious trading model called "the three blind mice.
Bitcoin, the world's most well-known cryptocurrency, is facing a challenging beginning. After a generally positive history for Bitcoin in October, this year's early days are marked by a noticeable drop in its value.
Customers of one of America's largest banks had a fright this week when they found zero balances on their accounts.
U.S. spot Bitcoin exchange-traded funds experienced a second consecutive day of outflows on Oct. 2, as Bitcoin's price dropped below $61,000, driven by escalating tensions in the Middle East. According to data from SoSoValue, the 12 U.S.
As Bitcoin (BTC) heads into its typically bullish fourth quarter, analysts at CryptoQuant say that while positive seasonality.
Political tension in the Middle East reached its worst point on Tuesday night when at least 200 ballistic missiles from Iran struck Israel. Most peace-loving minds are disturbed, as they worry about the possibility of this tension escalating into a global war – World War 3.
Willy Woo notes Bitcoin's market structure remains bearish mid-term but could transition to bullish.
Analyst and trader Justin Bennett is issuing a warning on Bitcoin (BTC) amid the flagship crypto asset's single-digit correction over the past couple of days. Bennett tells his 111,500 followers on the social media platform X that Bitcoin could fall below $60,000 before trending higher.
Japanese investment firm Metaplanet said it generated 23.9 Bitcoin ($1.4m) in premium income from selling 223 Bitcoin put options to QCP Capital, a Singapore-based digital asset trading firm.
Bitcoin price has dropped $4,000, driven by escalating geopolitical tensions and significant ETF outflows. While large investors (whales) hold back due to low profits, the uncertainty could keep Bitcoin below key support levels in the near term.
Whale accumulation of Bitcoin amid market downturn suggests confidence in its long-term value, potentially stabilizing the crypto market. The post Bitcoin holds steady at $61K as whales buy despite geopolitical tension appeared first on Crypto Briefing.
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Market Overview: In the past day, the value of the world's cryptocurrency market has dropped to $2.14 trillion, a loss of -1.07%. This decrease is accompanied by a steep loss in trading volume, which is down -20.21%, amounting to $92.17 billion in 24-hour volume.
US spot bitcoin ETFs recorded net outflows of $91.76 million on Wednesday, with Ark and 21Shares' ARKB leading the outflows.
The broader cryptocurrency market has come under strong selling pressure amid the anticipation of a bullish October. Bitcoin and altcoins came crashing down further on Wednesday while testing key support levels.
The crypto prices today have shown a set of mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price rested at the $60K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices followed with a waning trajectory.
Traders are positioning for volatility tied to a cloud hanging over the future of decentralized finance regulations in the US.
Investigative journalist and author Zeke Faux believed the ongoing pro-cryptocurrency stance adopted by presidential nominees Donald Trump and Kamala Harris is miscalculated, as the cohort that finds the asset class appealing isn't as large as it's made out to be. What Happened: During a recent discussion at Yahoo Finance's Asking For A Trend show, Faux spoke about the rising prominence of cryptocurrency in political dialogue.
Eric Balchunas published a list of the highest-performing ETFs of the 2020s, and two Bitcoin ETFs made the cut. BlackRock's IBIT and Fidelity's FBTC were both “stud level,” with over $10 billion in assets under management (AUM).
Pantera Capital has positioned Bitcoin (BTC) as the quintessential financial product for progressives, highlighting its potential to foster financial inclusion on a global scale. The report outlines a range of attributes that make Bitcoin a transformative force in the financial landscape, emphasizing its accessibility and efficiency.
Despite the green September close, Bitcoin (BTC) and the rest of the market faced another bloodbath as October started. The flagship crypto saw a 7% decline, fueling a bearish sentiment among investors.
Veteran trader Peter Brandt's warning to crypto traders suggests Bitcoin could fall into a deeper downtrend.
Bitcoin tests $60K as US ETF inflows slow, with Fed rate bets and Middle East tensions driving market uncertainty. Will BTC hold this critical support?
Bitcoin (BTC) has experienced a whirlwind of activity lately, facing downward pressure that temporarily pushed its price below the $64,000 mark. However, recent data indicates that the leading cryptocurrency might be preparing for a bullish rally that could lead it closer to a new all-time high (ATH).
Leading cryptocurrencies continued to trade in the red as geopolitical tensions kept risk appetite in check.
As the price of the flagship cryptocurrency Bitcoin dropped more than 4% to a low around the $60,000 mark in the beginning of October, a “giant whale” restarted depositing BTC into centralized exchanges.
According to a recent Forbes report, US lawmakers from both sides of the political spectrum are rallying around a proposal to create a strategic Bitcoin (BTC) reserve for the US, following Senator Cynthia Lummis' speech at the 2024 Bitcoin Conference in Nashville.
Bitcoin price is consolidating above the $60,000 support. BTC could aim for a fresh increase unless there is a close below the $60,000 support.
Prominent trader Peter Brandt has once again captured the market's attention with his insights on Bitcoin's recent price trajectory. As Bitcoin navigates a turbulent market, Brandt underscores the necessity for bulls to reclaim the pivotal $71,000 level to resume a bullish trend.
Bitcoin has recently faced a 10% correction since last Friday, but it is now holding above a crucial support level that could pave the way for a price rally. Analysts and investors eagerly watch the market, hoping BTC will regain momentum.
Bitcoin (BTC) is on a trajectory that suggests higher prices in the near future, driven by a notable increase in global liquidity and favorable macroeconomic trends. With liquidity rising by 0.92% to $132.8 trillion—marking its highest levels since early 2022—Bitcoin stands to benefit significantly from these developments.
The cryptocurrency market experienced a significant shift as spot Bitcoin exchange-traded funds (ETFs) recorded $242.6 million in outflows. This marked the end of an impressive eight-day inflow streak that had seen these funds accumulate $1.42 billion.
Argentina's Vice President Victoria Villarruel says she spoke to El Salvador President Nayib Bukele “about Bitcoin (BTC)” during the latter's visit to Buenos Aires.
On October 1st, the entire U.S. Bitcoin ETF market faced a brutal reality. Not a single ETF made a Bitcoin purchase — except for BlackRock.
Bitcoin crowd sentiment remains bullish after an impressive September but short-term sell pressure is taking precedence according to the data.
Bitcoin (BTC) has entered its historically favorable fourth-quarter period, but the potential for a strong rally remains uncertain due to weak demand growth, according to an Oct. 2 CryptoQuant report.